110 n dOHENY DRIVE
BEVERLY HILLS, CA 90211
PRICE
$5,250,000
BUILDING SIZE
4,400 SF
LOT SIZE
5,757 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
1.33%
$1,193
$912
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 110 N Doheny Drive, a 4,400 square foot multitenant office building situated on 0.13 acres of land (5,757 SF), located just north of the NE signalized of Doheny Drive and Wilshire Boulevard in the affluent and desirable Beverly Hills, CA.
110 N Doheny Drive is 91.8% occupied by six (6) tenants. Because all tenants are on month-to-month leases, except Cristina Radu Skin Care who is building out their unit on a lease expiring 1/31/2031, the subject property is an ideal owner-user or value-add opportunity. All but one of the existing seven (7) units are configured as executive style office suites, averaging 294 square feet with a shared entrance. The property is occupied by a mix of office and retail uses ranging from lawyers to architects, and salons and skin care.
An owner-user can combine the executive style office suites to occupy a total of 2,740 SF or 62% of the total floor area while receiving income from the remaining tenant. Alternatively, a value-add investor can take advantage of the short-term leases by immediately repositioning all units with market rent paying tenants. The property’s in place tenancy pays $12,587.00 per month ($4.00/SF) or $151,044.00 annually, a rent well below market.
The subject property benefits from the secluded feel of Doheny Drive being proximate to Wilshire Boulevard one parcel south and less than 0.5 miles from the Golden Triangle. 110 N Doheny Drive has approximately 55 feet of frontage along Doheny Drive but is uniquely positioned beside a street facing alley which provides access to it dedicated parking in the rear. The site is equipped with five (5) surface parking spaces, a ratio of 1.14 spaces per 1,000 SF.